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Compute the income from other sources for the assessment year 2020-21 income from agriculture in Pakistan= 5000 ground rent for land in Rajkot 10000 interest on postal savings bank account 1000 dividend from foreign company 700 interest on deposit with IFCI 5000 rent from subletting a house 26250 rent paid for sablet house 12000 other expense for sublet house 1000 winning from horse race 12300 interest 36000 on 10%tax free debentures listed of hero Honda Ltd?
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Compute the income from other sources for the assessment year 2020-21 ...
Income from Other Sources for Assessment Year 2020-21


Income from Agriculture in Pakistan: Rs. 5000

This refers to the income earned from any agricultural land that the individual owns or cultivates in Pakistan.


Ground Rent for Land in Rajkot: Rs. 10000

This refers to the rental income earned from leasing out land in the city of Rajkot.


Interest on Postal Savings Bank Account: Rs. 1000

This refers to the interest earned on savings deposited in a postal savings bank account.


Dividend from Foreign Company: Rs. 700

This refers to the income earned by the individual from owning shares in a foreign company.


Interest on Deposit with IFCI: Rs. 5000

This refers to the interest earned on a deposit made with the Industrial Finance Corporation of India.


Rent from Subletting a House: Rs. 26250

This refers to the rental income earned by the individual by subletting a house that he/she owns.


Rent Paid for Sublet House: Rs. 12000

This refers to the rent that the individual pays for the house that he/she has sublet to someone else.


Other Expenses for Sublet House: Rs. 1000

This refers to any other expenses incurred by the individual for maintaining the sublet house.


Winnings from Horse Race: Rs. 12300

This refers to any amount of money won by the individual from horse racing.


Interest on Tax-Free Debentures of Hero Honda Ltd.: Rs. 36000

This refers to the interest earned on tax-free debentures issued by Hero Honda Ltd. that the individual has invested in.


In conclusion, the total income from other sources for the assessment year 2020-21 is Rs. 88,950.
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Compute the income from other sources for the assessment year 2020-21 income from agriculture in Pakistan= 5000 ground rent for land in Rajkot 10000 interest on postal savings bank account 1000 dividend from foreign company 700 interest on deposit with IFCI 5000 rent from subletting a house 26250 rent paid for sablet house 12000 other expense for sublet house 1000 winning from horse race 12300 interest 36000 on 10%tax free debentures listed of hero Honda Ltd?
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Compute the income from other sources for the assessment year 2020-21 income from agriculture in Pakistan= 5000 ground rent for land in Rajkot 10000 interest on postal savings bank account 1000 dividend from foreign company 700 interest on deposit with IFCI 5000 rent from subletting a house 26250 rent paid for sablet house 12000 other expense for sublet house 1000 winning from horse race 12300 interest 36000 on 10%tax free debentures listed of hero Honda Ltd? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Compute the income from other sources for the assessment year 2020-21 income from agriculture in Pakistan= 5000 ground rent for land in Rajkot 10000 interest on postal savings bank account 1000 dividend from foreign company 700 interest on deposit with IFCI 5000 rent from subletting a house 26250 rent paid for sablet house 12000 other expense for sublet house 1000 winning from horse race 12300 interest 36000 on 10%tax free debentures listed of hero Honda Ltd? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Compute the income from other sources for the assessment year 2020-21 income from agriculture in Pakistan= 5000 ground rent for land in Rajkot 10000 interest on postal savings bank account 1000 dividend from foreign company 700 interest on deposit with IFCI 5000 rent from subletting a house 26250 rent paid for sablet house 12000 other expense for sublet house 1000 winning from horse race 12300 interest 36000 on 10%tax free debentures listed of hero Honda Ltd?.
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